Statement From Mayor Zohran Kwame Mamdani on Int. 1-B and Int. 175-B - NYC.gov

Mayor Zohran Kwame Mamdani issued a statement on Int. 1-B and Int. 175-B outlining the administration’s position and urging cooperation with the City Council as the measures proceed. City regulators subsequently enacted a rent freeze that implements a key part of Mamdani’s housing agenda by capping rents on roughly 1 million rent-stabilized apartments for up to two years. His proposed luxury property tax — and language singling out billionaire Ken Griffin — prompted Citadel to threaten pausing a planned $6 billion Midtown headquarters, escalating political and economic pressure even as the administration announces internal reforms like the Commission on Government Efficiency.